Evoke (LON:EVOK) Stock Price Down 17.6% – Time to Sell?

Evoke plc (LON:EVOK)’s stock price traded down 17.6% during mid-day trading on Wednesday . The company traded as low as GBX 57.50 ($0.74) and last traded at GBX 58.85 ($0.76). 5,671,470 shares were traded during trading, an increase of 181% from the average session volume of 2,015,258 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank cut their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research report on Wednesday, December 4th.

Evoke Price Performance

The business has a 50-day moving average of GBX 69.32 and a 200-day moving average of GBX 63.58. The firm has a market cap of £226.79 million, a price-to-earnings ratio of -1.27 and a beta of 0.84.

Evoke (LON:EVOK) last released its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. As a group, equities analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Transactions at Evoke

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). 27.00% of the stock is owned by company insiders.

About Evoke